21,300 Coweta taxpayers have had property values reduced by assessorsUnless millage rates increase, more than 21,000 property owners in Coweta County should see their property tax bills decrease this year.
You may have read the news story in Wednesday’s Newnan Times-Herald that noted Coweta tax officials had mailed 55,000 tax assessment notices to property owners in the county. This is the second year state law has required a Notice of Assessment be sent to property owners.
Coweta officials said the local assessors office has made extensive studies of the local real estate market, and after those studies lowered the value of 21,300 parcels of property this year.
That should be good news when your reduced tax bill comes due, but it is a continuing sign real estate values have declined substantially during the economic uncertainly that has played havoc with the real estate market in our community and across the country.
That tax amount will be just an estimate. It could vary when elected officials with the county, school board and cities set tax millage rates this year.
If you haven’t received your tax assessment notice and don’t get it this week, call the Tax Assessor’s Office and let them know you have not received the notice.
The phone number is 770-254-2680.